“The CFPB is suing Capital One for cheating families out of billions of dollars on their savings accounts,” said CFPB Director Rohit Chopra in a news release. “Banks should not be baiting people with ...

But instead, the CFPB alleges, Capital One froze its rate at a low level for at least several years, even as rates rose nationally. At the same time, the CFPB adds, the bank created "360 ...

Just as Elon Musk's X pushes into financial services, the agency responsible for protecting citizens from such companies is ...

The federal government is suing Captial One, accusing the banking giant of deceiving consumers and withholding more than $2 billion in interest payments on savings accounts. The Consumer Financial ...

Treasury Secretary Scott Bessent on Monday ordered a halt to the majority of work at the Consumer Financial Protection Bureau ...

The CFPB said Capital One stopped offering 360 Savings to new ... market updates, tech and money news that matters to you. We've added you to our mailing list.

At the time, Capital One said it was responding to the notification and that "it is possible the CFPB will pursue an enforcement action against us, including possible litigation." In a news ...

It also comes as the CFPB prepares for what's likely to be its final ... "Banks should not be baiting people with promises they can't live up to," Chopra said in a news release, adding that Capital ...

according to the CFPB news release. Related to the second allegation, the CFPB claims that Capital One obscured that the 360 Performance Savings accounts existed as a separate product with a higher ...

President Donald Trump designated Treasury Secretary Scott Bessent as the bureau’s acting chief, according to a statement ...

(RTTNews) - The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Capital One, N.A., and its parent holding company, Capital One Financial Corp., alleging that the company ...

The Consumer Financial Protection Bureau is a consumer watchdog agency formed in the wake of the 2008 financial crisis. Elon ...